I REFER to the recent proposal to reduce employees’ EPF contribution by 3% to boost consumer spending in these tough times.
As there is the danger of reducing retirement savings for the future with this move, I suggest that the Government suspend employees’ contribution to Socso as well as employers’ contribution to the Human Resources Development Funds (HRDF) instead.
Already a subscriber? Log in.
Subscribe to win RM50 Touch 'n Go e-Voucher! More Info
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!